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Re: None

Friday, 07/26/2013 11:42:23 AM

Friday, July 26, 2013 11:42:23 AM

Post# of 140146
Charger......I have been studying the TRIX (4,3) and BB overlay since you brought it to my attention yesterday and one thing I am seeing about it that I really like is that the (4,3) lines will show divergence against price action where the TDI indicator won't at times and that's especially important with long price action rallies at end of final wave tops or bottoms. I see where there are times that neither the TDI nor the TRIX/BB overlay will show divergence before a reversal in price action but more often than not, the TRIX/BB will show the divergence when the TDI doesn't. That's a huge revelation for me! It's definite and dramatic too.

I should also mention that at times in a bearish wave down on price action , the (4,3) lines will reverse and come back down through the upper bollie while the price action will begin to reverse at the middle bollie line on the main chart which strongly indicates trend continuation of price action. Same would hold true for the (4,3) lines reversing back up through the lower bollie on a bullish trend up where price is trading at mid bollie on the main chart.

I'll share more as I discover more.

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